Thursday, 11 May 2017
Advanced Systems: 11 May 2017, Thursday, 11.15pm Singapore Time
11 May 2017, Thursday, 11.15pm Singapore Time
Attached is the Technicals for Advanced systems, a tech-related stock that is listed in the Singapore SGX. This stock has several chunks of re-accumulation volumes. Of particular significance are the 2 red chunks of accumulation volumes as highlighted above. These 2 volumes occured in 2016, the year in which I had forewarned that hot monies will be scooping up penny stocks and mid caps all over the world (in addition to big caps and blue chips). The buy volumes continue to come in and has attempted to break up the brown resistance line for a long term upmove. In addition, this stock belongs to the technology sector, the strongest sector all over the world right now. Light-orange bottoming as highlighted above is being in execution. Multifold, multi-bagger rally is expected.
DNA Technical Rating: